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2023-12-31-accounts

Second Dunboe Congregation of the Presbyterian Church in Ireland

Financial Statements Year Ended 31[st] December 2023

NIC 105564

SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2023

Note Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2023 Total
2022
£ £ £ £ £
Receipts
Donations and legacies 2 45,176 16,114 61,290 58,062
Charitable activities 3 282 2,076 2,358 916
Other trading activities 4 3,647 0 3,647 4,406
Investment Income 5 1,456 345 1,801 1,140
Other Income 6 2,381 5,215 7,595 3,494
---------- ---------- ---------- ---------- ----------
Sub Total 52,941 23,749 0 76,690 68,018
Sale of Investments 0
Sale of fixed assets 0
Loans Received 0
---------- ---------- ---------- ---------- ----------
Total Receipts 52,941 23,749 0 76,690 68,018
---------- ---------- ---------- ---------- ----------
Payments
Raising funds 7 207 0 207 422
Charitable activities 8 46,492 29,960 76,452 61,081
---------- ---------- ---------- ---------- ----------
Sub Total 46,699 29,960 0 76,659 61,503
Purchase of Investments 1,355 346 1,701 12,905
Purchase of fixed assets 0
Loan Repayments 0
---------- ---------- ---------- ---------- ----------
Total Payments 48,054 30,306 0 78,360 74,408
---------- ---------- ---------- ---------- ----------
Net receipts / (payments) 4,888 (6,557) 0 (1,669) (6,390)
Transfers between funds (6,235) 6,235 0 0
---------- ---------- ---------- ---------- ----------
Net movement in funds (1,347) (322) 0 (1,669) (6,390)
Funds brought forward 14,782 41,168 0 55,950 62,340
---------- --------- ---------- ---------- ----------
Funds carried forward 11 13,435 40,846 0 54,281 55,950
====== ====== ====== ====== ======

Page 1

SECOND DUNBOE CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Unrestrlcted Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Funds Reconciliation Bank and Cash at start of year Net movement in funds 62,340 14,782 {1,347) 41,168 (322} 55,950 11,669) 16,390} Bank and Cash at end of year 13,435 40,846 54,281 55,950 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 54,231 50 55,950 54,281 55,950 Fixed Assets- Note 10 2,188,695 2,002,620 Other Assets Investments- Note 11 Gift Aid receivable on donations 75,070 7,500 70,372 7,500 82,570 77,872 Approved by the Kirk Session at a meeting on and signed on its behalf by Name Name Date 141-/2y Date Page 2

SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

As the total income of the congregation is less than £250,000 the congregation have elected to prepare its accounts on a receipts and payments basis, in accordance with the provisions in The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

FUND ACCOUNTING

Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future.

2. DONATIONS AND LEGACIES

Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total 2023 Total
2022
£ £ £ £ £
Recorded giving 36,351 6,125 42,476 37,361
Loose collections 958 3,930 4,888 4,821
Donations and gifts 940 4,749 5,689 2,760
Gift Aid 5,928 1,309 7,237 7,353
Legacies and bequests 1,000 0 1,000 5,767
---------- ---------- ---------- ---------- ----------
45,176 16,114 0 61,290 58,062
---------- ---------- ---------- ---------- ----------

Page 3

SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2023

3. CHARITABLE ACTIVITIES

3.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Income from charitable activities 282 2,076 2,358 916
---------- ---------- ---------- ---------- ----------
282 2,076 0 2,358 916
---------- ---------- ---------- ---------- ----------
4.OTHER TRADING ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Trading income 3,647 0 3,647 4,406
---------- ---------- ---------- ---------- ----------
3,647 0 0 3,647 4,406
---------- ---------- ---------- ---------- ----------

5. INVESTMENT INCOME

Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Bank interest 100 0 100 170
NFU Investment Fund 932 331 1,264 970
Other investment income 423 14 437 0
---------- ---------- ---------- ---------- ----------
1,456 345 0 1,801 1,140
---------- ---------- ---------- ---------- ----------

Page 4

SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

6. OTHER INCOME

6.OTHER INCOME
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
Insurance claims 0 0 0 2,552
Ringsend Share of Manse Repairs 5,215
Other income (Sick Supply, NIE 2,381 0 2,381 942
Refund, Ringsend share of exps) ---------- ---------- ---------- ---------- ----------
2,381 5,215 0 2,381 3,494
---------- ---------- ---------- ---------- ----------
7.RAISING FUNDS
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
FWO envelopes 207 0 207 422
---------- ---------- ---------- ---------- ----------
207 0 0 207 422
---------- ---------- ---------- ---------- ----------
8.CHARITABLE ACTIVITIES
Unrestricted
Funds		 Restricted
Funds		 Endowment
**Funds **
Total 2023		 Total
2022
£ £ £ £ £
General Assembly Assessments 7,653 0 7,653 7,436
Presbytery fees 257 0 257 236
Ministry and support staff costs 28,475 0 28,475 27,147
Premises Costs 8,007 0 8,007 8,722
Congregational running expenses 866 3,352 4,218 1,937
Repairs and Maintenance 831 16,024 16,855 5,470
Donations to Missions and charities 103 10,584 10,687 9,833
Governance costs 300 0 300 300
---------- ---------- ---------- ---------- ----------
46,492 29,960 0 76,452 61,081
---------- ---------- ---------- ---------- ----------

Page 5

SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

9. FIXED ASSETS

The congregation owns the Church premises situated at 236 Windyhill Road, Coleraine BT51 4JN and the associated fixtures, fittings, plant and machinery.

These have an insurance value of
Church Building and Contents
Portacabin and Contents
Sexton's House
Church Manse
Land		 £
1,423,631
13,865
230,808
340,391
180,000
2,188,695

10. INVESTMENTS

The congregation has the following investments. Amounts are shown at market valuation.

2023 2022
£ £
NFU Investments 62,697 58,437
Progressive Building Society 12,373 11,935
---------- ----------
75,070 70,372
---------- ----------
Fund Summary of Investments
Unrestricted 58,245 54,679
Building and Repair Fund 4,565 4,259
Sunday School 3,837 3,576
Children's Church 181 168
Minister's Bequests 2,933 2,738
Choir 271 253
Presbyterian Women 792 742
United Appeal 181 168
Youth Fellowship 4,065 3,789
---------- ----------
75,070 70,372
======= =======

Page 6

SECOND DUNBOE CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont’d) 31 December 2023

11. FUND BALANCES

Fund Balance at
start		 Receipts Payment Surplus /
(Deficit)		 Transfer Balance at
end
£ £ £ £ £ £
Unrestricted Funds
General Fund 14,782 52,941 48,053 4,888 (6,235) 13,435
---------- ---------- ---------- ---------- ---------- ----------
14,782 52,941 48,053 4,888 (6,235) 13,435
---------- ---------- ---------- ---------- ---------- ----------
Restricted Funds
Building and Repair Fund 29,806 9,985 16,118 (6,133) 6,335 30,008
United Appeal 0 4,010 4,010 0 0
General Missions Fund 285 0 5 (5) (280) 0
World Development Appeal 100 2,334 2,434 (100) 0
Pres. Children's Society 0 1,080 1,080 0 0
Minister's Bequests 0 57 57 0 0
Sunday School 3,308 78 397 (319) 2,989
Choir 1,351 532 1,020 (488) 863
Presbyterian Women 1,343 3,271 3,085 186 180 1,709
Children's Church 10 3 3 0 10
Youth Fellowship 3,061 82 112 (30) 3,031
The Whins 1,904 2,313 1,981 332 2,236
---------- ---------- ---------- ---------- ---------- ----------
41,168 23,745 30,302 (6,557) 6,235 40,846
---------- ---------- ---------- ---------- ---------- ----------
TOTAL CASH FUNDS 55,950 76,686 78,355 (1,669) 0 54,281
======= ======= ======= ======= ======= =======

Page 7

Independent examiner’s report to the trustees of Second Dunboe Congregation of The Presbyterian Church in Ireland

I report on the accounts of the Charity for the year ended 31 December 2023, which are set out on pages 1 to 7.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. The charity’s trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9) (b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met or

Olive K Wallace ACMA, CGMA OK Wallace Accountancy and Bookkeeping 101 Coolyvenny Road Coleraine BT51 3SF

22 March 2024